Mumbai, Oct. 5 -- Bharatiya Janata Party (BJP) candidate from Ghatkopar East Parag Shah declared assets worth Rs 500.62 crore in his affidavit submitted on Friday, making him one of the richest candidates contesting the Assembly elections. A councillor from Ghatkopar, Shah has replaced sitting MLA Prakash Mehta as the candidate from the eastern suburb.

According to his affidavit, Shah and family have movable assets worth Rs 422 crore and immovable assets worth Rs 78 crore. Shah is followed by Mumbai BJP unit chief Mangal Lodha, who declared assets worth Rs 441 crore in his affidavit filed on Thursday.

Lodha, a real-estate magnate, will contest from the Malabar Hill seat.

Along with his wife, Shah owns multiple lands in Maharashtra, Guj...